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Lewis-Skelly has made it clear that he wants to stay at Arsenal and is focused on working to try to establish himself as a first team regular at the club.
There is no denying his position in the Arsenal first team is under threat after the arrival of midfielder Guimaraes for £75m from Newcastle United, but there is also the prospect that with so many matches, Lewis-Skelly could still get the game time he desires.
But Arsenal are looking to sell members of their squad before the transfer window closes.
Gabriel Jesus and Gabriel Martinelli would be available if a suitable offer was made, while Fabio Vieira and Reiss Nelson are not part of Mikel Arteta's plans.
Arsenal invested heavily in the market last summer, bringing in eight players for £250m, and they have spent over £100m in this window already while stil looking to add more players before the deadline.
They have sold Christian Norgaard to Everton for £7m and Leandro Trossard to Besiktas for about £15m, but the Gunners are aware they have to be flexible in the market as the deadline gets closer.
As an academy graduate, if Lewis-Skelly is sold he would present 'pure profit' in the club's accounts.
That fact is something Lewis-Skelly is aware of, writing the caption "pure profit" on a picture of himself with the Premier League trophy when Arsenal celebrated the title at Selhurst Park on the final day of last season.
The impact of the potential sale has changed, however, with the introduction of the new Squad Cost Ratio (SCR) rules, as any sale of a player will now be spread evenly over the length of their contract - meaning clubs won't be able to show such an immediate boost on their books after selling an academy graduate.
At the moment it does not look like a move for Lewis-Skelly is imminent, but that does not mean his future at Arsenal is certain just yet.
